GE Healthcare to move U.S. life sciences division headquarters to Mass.

John Dineen is the president and CEO of GE Healthcare

by Don Seiffert, BioFlash Editor- Boston Business Journal

GE Healthcare says it will create “a significant number of new jobs” in the Bay State by moving its Life Sciences division’s U.S. headquarters here.

The company released a brief statement Wednesday in response to media inquiries saying that “a project is currently underway to create a new U.S. headquarters in Massachusetts for the Life Sciences division.” The company did not provide further details except to say that in addition to jobs, the new headquarters will create “economic activity.”

The Life Science division, currently headquartered in Piscataway, N.J., employs 400 people, according to NJBIZ, a business publication in New Jersey. GE Healthcare filed a WARN notice with that state indicating plans to lay off 218 employees, according to NJBIZ.

GE Healthcare, a $3.7 billion, UK-based subsidiary of the Connecticut-based global conglomerate General Electric (NYSE: GE), has an MRI center in Wilmington, as well as offices in Boston, East Bridgewater and Westborough.

The company has been in discussion with the Massachusetts Life Sciences Center for the past two years about a possible move, said Angus McQuilken on Wednesday evening. The division sells tools for a basic research of cells and proteins, drug discovery and large-scale manufacturing of biopharmaceuticals.

Source: http://www.bizjournals.com/boston/blog/bioflash/2014/08/ge-healthcare-to-move-us-life-sciences-division.html?ana=e_bost_cap&s=newsletter&ed=2014-08-14&u=hF2E1eTGVY7t3l8v8n/aPXnnRS&t=1408024783

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